Rishi

[Eric Cartman]

Re: Rishi

Hence stating the healthy dose of scepticism thats needed with these predictions!

Still, what if they are right?

Then we get 7 billion less. The Tories are walking a tightrope of 'greatest country in the world' and 'rich people will leave if we charge them a penny more'. It doesn't wash with me and increasingly won't with the voting public as their living standards are squeezed.

The fact that they charge Non Dom's 30k to avoid millions of tax just makes it more demoralising for working people, another massive flashing neon sign saying 'the system is rigged in favour of rich people'

[JamesWales]

Re: Rishi

Then we get 7 billion less. The Tories are walking a tightrope of 'greatest country in the world' and 'rich people will leave if we charge them a penny more'. It doesn't wash with me and increasingly won't with the voting public as their living standards are squeezed.

The fact that they charge Non Dom's 30k to avoid millions of tax just makes it more demoralising for working people, another massive flashing neon sign saying 'the system is rigged in favour of rich people'

Hate to change the back story and I know it's been a while since any other party had to actually govern and make real decisions UK wide, but it's not just "The Tories" that allow it of course. Multiple governments have. And my suspicion is that this is because removing it would lose the treasury more money.

I wouldn't take the loss of £7bn so lightly. What would you cut back on? Benefits? NHS? Education?

No easy decisions to make here, which I suppose is my point. These stories get spun with populist zeal, but the reality is quite different.

[the other bob wilson]

Re: Rishi

£ 7 billion is about 18/19 % of what was spent on our “world beating” track and trace isn’t it?

[cyril evans awaydays]

Re: Rishi

Hate to change the back story and I know it's been a while since any other party had to actually govern and make real decisions UK wide, but it's not just "The Tories" that allow it of course. Multiple governments have. And my suspicion is that this is because removing it would lose the treasury more money.

I wouldn't take the loss of £7bn so lightly. What would you cut back on? Benefits? NHS? Education?

No easy decisions to make here, which I suppose is my point. These stories get spun with populist zeal, but the reality is quite different.

Useful bit of analysis that previous restrictions by George Osborne, which presumably weren't colonial did not lead to a great non-dom migration.

https://www.lse.ac.uk/News/Latest-news-from-LSE/2022/d-Apr-22/Non-doms

Most seem embedded in some of the highest priced property in the country including Premier League superstar hotspots. Who knows if people decide to return to the US or India then there may be a trickle down to more affordable housing which should be good.

Personally I think that taxation policy should come in coherent packages. This seems a bit opportunist. I also agree that stories get spun with populist zeal and the reality is quite different. Probably more pertinent to the Rwandan thread though.

[Rjk]

Re: Rishi

Sunak was riding very high in popularity polls not too long ago, but he's come under fire from the papers and Labour and his popularity has plummeted.

He was a shoe in for the next prime minister if Johnson was brought down, but now I don't think so.

[JamesWales]

Re: Rishi

£ 7 billion is about 18/19 % of what was spent on our “world beating” track and trace isn’t it?

No, that oft-quoted piece of misinformation has been debunked numerous times

https://fullfact.org/online/track-and-trace-project-cost/

https://fullfact.org/health/nhs-test-and-trace-cost/

https://fullfact.org/online/37bn-test-trace-spending/

[JamesWales]

Re: Rishi

Useful bit of analysis that previous restrictions by George Osborne, which presumably weren't colonial did not lead to a great non-dom migration.

https://www.lse.ac.uk/News/Latest-news-from-LSE/2022/d-Apr-22/Non-doms

Most seem embedded in some of the highest priced property in the country including Premier League superstar hotspots. Who knows if people decide to return to the US or India then there may be a trickle down to more affordable housing which should be good.

Personally I think that taxation policy should come in coherent packages. This seems a bit opportunist. I also agree that stories get spun with populist zeal and the reality is quite different. Probably more pertinent to the Rwandan thread though.

It's a murky business, of that there is no doubt. The point is, if it is amended and does cost the treasury revenue then whomever proposes it should have a think about potential means to plug that gap or where they would make cuts.

[Tito Fuente]

Re: Rishi

No, that oft-quoted piece of misinformation has been debunked numerous times

https://fullfact.org/online/track-and-trace-project-cost/

https://fullfact.org/health/nhs-test-and-trace-cost/

https://fullfact.org/online/37bn-test-trace-spending/

He didn't say it was spent in the first year.

[cyril evans awaydays]

Re: Rishi

It's a murky business, of that there is no doubt. The point is, if it is amended and does cost the treasury revenue then whomever proposes it should have a think about potential means to plug that gap or where they would make cuts.

You are right of course, given that one in five are bankers then a high proportion of the 7k banking jobs that left this country due to Brexit are likely to be non-doms I guess some of the tax rises we are seeing must be plugging the gap.

[life on mars]

Re: Rishi

Sunak was riding very high in popularity polls not too long ago, but he's come under fire from the papers and Labour and his popularity has plummeted.

He was a shoe in for the next prime minister if Johnson was brought down, but now I don't think so.

Well now they have a decision to make Boris , Rishi who is better option , or the dark horse Ben Wallace , none have legs like Angela though, so her legs get my vote this week in the world of serous politics and no policy , unless Rishi is hiding something under those tracky bottoms ?

[cyril evans awaydays]

Re: Rishi

Well now they have a decision to make Boris , Rishi who is better option , or the dark horse Ben Wallace , none have legs like Angela though, so her legs get my vote this week in the world of serous politics and no policy , unless Rishi is hiding something under those tracky bottoms ?

ffs You can't stop yourself can you?

[Eric Cartman]

Re: Rishi

Hate to change the back story and I know it's been a while since any other party had to actually govern and make real decisions UK wide, but it's not just "The Tories" that allow it of course. Multiple governments have. And my suspicion is that this is because removing it would lose the treasury more money.

I wouldn't take the loss of £7bn so lightly. What would you cut back on? Benefits? NHS? Education?

No easy decisions to make here, which I suppose is my point. These stories get spun with populist zeal, but the reality is quite different.

Its funny how me simply mentioning the Tories can send you into a defensive tailspin. My point was that those two core sentiments don't match well. I think the UK is a pretty good place to live and therefore I don't think billionaire Non Dom's would all flock to the exits if asked to pay tax.

Besides the point really, society needs an underlying sense of fairness to hold it together. We can keep pushing, taking from working people while extending tax cuts to billionaires and propping up failing toxic businesses in the form of corporate welfare but at some point, the elastic will snap.

It isn't populist zeal to ask how it is sustainable for wealth to become more and more concentrated. Now, people don't care as long as they feel wealthier themselves, but once they don't and haven't for a while, we don't really know what happens then.

Or don't worry about any of that and simply fill that 7 billion gap by chasing down the taxpayer money stolen through covid fraud.

[the other bob wilson]

Re: Rishi

No, that oft-quoted piece of misinformation has been debunked numerous times

https://fullfact.org/online/track-and-trace-project-cost/

https://fullfact.org/health/nhs-test-and-trace-cost/

https://fullfact.org/online/37bn-test-trace-spending/

So, no doubt we’ll soon be hearing Tory bragging about how the world beating track and trace scheme came in under budget I suppose - the reason being of course that it was crap.

What the fact checker confirms though is that the underperforming track and trace scheme cost just short of twice that £7 billion in its first year of operation.